Softbank Raises $22 Billion By Selling Alibaba Derivatives
08/04/22, 12:04 PM
Location
minato cityMoney raised
$22 billion
Industry
consulting
SoftBank Group Corp. has raised as much as $22 billion in cash through the sale of prepaid forward contracts using Alibaba Group Holding Ltd. shares, the Financial Times reported, citing filings it has seen.
Company Info
Location
minato city, tokyo, japan
Additional Info
The SoftBank Group is a global technology player that aspires to drive the Information Revolution. The SoftBank Group is comprised of the holding company SoftBank Group Corp. (TOKYO: 9984) and its global portfolio of companies, which includes advanced telecommunications, Internet services, AI, smart robotics, IoT and clean energy technology providers. In September 2016, Arm Limited, the world's leading semiconductor IP company, joined the SoftBank Group. SoftBank Group Corp. is investing in the SoftBank Vision Fund, which is deploying up to $100 billion in committed capital to support the global businesses and technologies that the SoftBank Vision Fund believes will enable the next stage of the Information Revolution.